Welcome to askTECH Q&A.
In each edition, we look at the most popular queries being submitted by advisers to Standard Life’s askTECH knowledgebase.
askTECH allows you to enter your technical questions, and then (where available) provides you with the answer. The system is regularly updated with new questions and answers, and as it’s online you can access it whenever you want.
The content covers the following categories – Investment, Estate Planning, Tax & Legal, Pensions and Protection.
In this issue we look at taxation questions that have been posted on askTECH:
How much is the inheritance tax nil rate band?
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At what rate do trustees of a discretionary trust pay income tax?
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What is the IHT treatment of a discretionary trust created on death?
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Any reference to legislation and tax is based on Standard Life’s understanding of United Kingdom law and HM Revenue & Customs practice at the date of production. These may be subject to change in the future. Tax rates and reliefs may be altered. The value of tax reliefs to the investor depends on their financial circumstances.